Released: 18 December 2014 – Download PDF
- Key Points
- Additional Information
- Key Figures
- At a Glance
- Economic Context
- Contributions to Growth
- Sector Summary
- Internet Sales in Detail
- Distribution Analysis
- International Data
- Background notes
- Statistical contacts
- Year-on-year estimates of the quantity bought in the retail industry continued to show growth for the 20th consecutive month. In November 2014, the quantity bought increased by 6.4% compared with November 2013. This was the highest year-on-year increase since May 2004 when it grew by 6.9%.
- The underlying pattern in the three-month on three-month movement in the quantity bought continued to show growth for the 21st consecutive month increasing by 1.1%. This was the longest period of sustained growth since November 2007 when there were 25 periods of consecutive growth.
- On the month, the quantity bought increased by 1.6% compared with October 2014. There was growth in all main store types for the first time since December 2013.
- Average store prices fell by 2.0% in November 2014 compared with November 2013, this was the largest fall since August 2002 when prices also fell by 2.0%. The largest contribution to the year-on-year fall once again came from petrol stations, however, prices in food stores showed their largest fall since June 2002, decreasing by 1.0%.
- In November 2014, the amount spent in the retail industry increased by 4.3% compared with November 2013 and by 1.2% compared with October 2014. Non-seasonally adjusted data show that the average weekly spend in the retail industry in November 2014 was £7.9 billion compared with £7.5 billion in November 2013 and £7.1 billion in October 2014.
- The value of sales made online increased by 2.9% compared with October 2014 and accounted for 11.5% of all retail sales in November 2014. Online sales increased by 12.9% compared with November 2013.
- Revisions in this release were caused by the incorporation of late data. More information on revisions can be found in the background notes.
Source: Office for National Statistics licensed under the Open Government Licence v.1.0.